What do the different actions of the OpenAI gym's environment of 'Pong-v0' represent?
You can try the actions yourselves, but if you want another reference, check out the documentation for ALE at GitHub.

In particular, 0 means no action, 1 means fire, which is why they don't have an effect on the racket.

Here's a better way:

env.unwrapped.get_action_meanings()